US soy bean export to China down significantly in 2018

The trade war between the US and China means that the US is selling significantly fewer soy beans to the Chinese than in the past. Brazil has increased its export, but the biggest surprise is to be found in a different market, says Bimco.

Photo: Norden

China consumes a lot of soy beans, but in 2018 far fewer of the beans have come from the US.

In the first eight months of the year, the US exported 7.8 million tons soy beans to China, compared to 11.4 million tons in the same period last year. This corresponds to a decrease of 31 percent in the period, and for August alone the export was 95 percent lower, according to an analysis published by international shipping association Bimco.

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